Australian Rare Earths Limited (ASX:AR3) Commences 2025 Drilling Program
Drilling Program Initiated
Australian Rare Earths Limited (ASX:AR3) has commenced its 2025 drilling program at the Overland Uranium Project, planning approximately 5,000 metres of drilling through the end of March with regular updates for shareholders.
High-Priority Exploration Targets
The initial focus is on mapping the palaeovalley within EL7001, building on encouraging 2024 drilling results. Subsequent drilling will target the western margin of the palaeovalley, following lignite horizons and associated gamma anomalies.
Regulatory Approval for Sheer Gold Farm-In
The company has received regulatory approvals for the Sheer Gold Farm-In, allowing drilling on three initial high-priority target areas within EL6678.
Future Exploration Plans
Assay results from the 2024 drilling program are expected imminently, providing valuable data to inform the next exploration phase, including further drilling or geophysics planned for the June quarter.
Executive Comments
CEO Travis Beinke stated, “It’s great to be out in the field and commencing our 2025 drilling program at the Overland Uranium Project, kicking off what will be an active year of drilling in a frontier uranium exploration play. Starting with drilling on western margins palaeovalley and its high-priority targets, we plan to have the rig turning on multiple targets across this highly prospective project area in the coming months.
The receipt of approvals for the Sheer Gold Farm-In is another significant step forward, opening up additional exciting target areas for exploration. We are also eagerly awaiting the assay results from the 2024 drilling, which we believe will provide further validation of the project’s potential.
With a substantial drilling program planned through to the end of March, we look forward to providing regular updates to shareholders on our progress.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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